From Mandatory KYC For Insurance Policies To Railway Time Table, Know Key Changes To Come Into Effect From Today

This month, November, is also important for pensioners as they need to submit life certificates to ensure uninterrupted pension in their bank accounts

With the start of the month, there are several changes, including the train timetable to WhatsApp usage, that will affect the common man. This month is also important for pensioners as they need to submit life certificates to ensure uninterrupted pension in their bank accounts. It is therefore crucial to know the changes that will get implemented starting today to avoid any inconvenience in availing the services.

Key changes to impact the common man from today

LPG prices: The price per unit of Commercial LPG cylinder has been slashed by Rs 115.50 with immediate effect today. Notably, this is the seventh cut in the price of the 19 kg commercial LPG cylinder unit since June. The reduction in prices came in line with declining international energy prices.

KYC mandatory for insurance claims: KYC will become mandatory for non-life insurance policies. Issuing a statement, the Insurance Regulatory and Development Authority of India (IRDAI) stated that KYC verification will become mandatory for health and general insurance from November 1, reported the Economic Times. Currently, KYC verification is voluntary. “The deadline won’t be extended further in this regard”, it further noted.

Railway Time Table: Indian Railways also made certain changes in the timetable of trains from November 1. Railways will change the timings of some special trains originating from Western Railway according to the non-monsoon timings with effect from 1 November.

WhatsApp for Android and iOS users: WhatsApp will stop offering support for some Android, iOS and KaiOS devices running on old OS versions from today. The application will be stopped on some devices. However, to continue using the application, the user will need to get a new device with support for the app.

Submission of Life Certificates: Government pensioners need to submit their annual life certificates every year between 1 November and 30 November to continue receiving a pension. Pensioners can also submit their life certificates by visiting a bank, post office, availing of doorstep service, or at Jeevan Pramaan Portal.